Nifty, Sensex close at record highs

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BENGALURU  - Indian shares settled higher for a fourth straight session on Tuesday and marked record closing levels, with conglomerate ITC Ltd  and motorcycle maker Hero MotoCorp  leading gains.

The NSE Nifty 50 Index  ended 0.27% higher at 12,362.30, while the S&P BSE Sensex index  added 0.22% to close at 41,952.63.

Broader Asian shares touched fresh peaks on Tuesday amid signs of improving relations between the United States and China, as the two countries prepare to sign a preliminary trade deal on Wednesday.

In domestic markets, shares of ITC Ltd rose nearly 2% and were among the top gainers on both NSE and BSE, while Hero MotoCorp added 2.2%.

The Nifty Media index closed up 2.1%, with shares of TV18 Broadcast surging over 16% after the company posted a strong set of quarterly numbers.

Among decliners, Yes Bank tumbled over 13% and IndusInd Bank  slipped 4.51%.

(Reporting by Chandini Monnappa in Bengaluru; editing by Devika Syamnath)